News
Kroll buys up counter-terrorism intelligence firm
Kroll, the global risk consulting company that is a subsidiary of Marsh & McLennan, has acquired Homeland Solutions, a privately-held intelligence management consulting and analytical training company recognized for its role in developing and deploying…
Liberty Syndicates acquires BI specialist SRM
Liberty Syndicates has acquired the insurance portfolio of the specialist insurance provider Strike Risks Management.
DWP announces mesothelioma compensation system
John Hutton today gave details of how the system for compensating sufferers of mesothelioma, the debilitating form of lung cancer caused by exposure to asbestos, would be improved and speeded up.
Arig posts first half 2006 profit
Arab Insurance Group (Arig) has announced net profits of $8.6m for the first half year 2006. This represents an increase of 34% over the net profit of $6.4m registered for the same period in the previous year (excluding $28.9m of profits from…
Reinsurance boss gets five year ban for helping inflate AIG earnings
A former senior manager at Dublin-based Cologne re has been 'prohibited' from performing in the UK any controlled function requiring regulatory approval.
FSA publishes latest newsletter for general insurance brokers
The Financial Services Authority (FSA) has published the latest newsletter for general insurance brokers which is available on its website at http://www.fsa.gov.uk/pubs/newsletters/gib_newsletter4.pdf
TUC urges greater obligations for directors
Welcoming the Corporate Manslaughter Bill introduced to Parliament today, Brendan Barber, TUC General Secretary, said:
Equity acquires a Somerset broker
Equity Insurance Group has acquired the general book of Somerset broker, Yeo Brokers.
CII to evolve its approach to corporate governance.
The Chartered Insurance Institute is considering a new approach to its corporate governmance in a bid to reflect best practice in the 21st Century, strengthen accountability and increase membership engagement.
RSA hunts new group underwriting and claims director
Royal and Sun Alliance Insurance this morning announced that David Paige, group risk director will be stepping down from the group board and leaving the Group at the end of the year.
Odyssey Re CFO resigns
Odyssey Re Holdings has announced that executive vice president and chief financial officer Robert Giammarco is resigning from the Company, effective August 15, 2006, to pursue other interests. R. Scott Donovan will be appointed as executive vice…
SCOR trumpets bond issue
SCOR has announced that its €350m deeply subordinated bond issue, as part of the financing of the Revios acquisition, has been a great success.
Heritage appoints former Rock deputy Jones as active underwriter
Lloyd's insurer Heritage has announced the appointment of Nick Jones as active underwriter of syndicate 1200 with immediate effect. Mr Jones takes over from Les Rock who retired earlier this year.
A lasting impression
Barbara Paskor and Jennifer Johnson, undergraduates from St John's University in New York, spent four weeks experiencing how the London insurance market operates, courtesy of the UK Market Charitable Trust. Andrew Foxwell asks what insights they gained…
Towergate moves users onto Sirius 21
Broking consolidator Towergate is moving its 800 users onto Sirius 21 to centralise its IT under a f...
Hugh Bohling to set up City Net Law
Hugh Bohling, former partner at Eversheds and head of corporate insurance, has retired after 10 year...
Allianz aims to double its revenue
Allianz Cornhill has formally launched its new look London property owners team and hopes to double ...
Broker Nicholas Gilbert's prediction
New entrants in the solictors' professional indemnity market could make their mark on 1 October rene...
Penny Black's insurance week
Penny was amused to record that just 26 minutes prior to the collapse of the Jardine Lloyd Thompson/...
Highway Insurance launches repairer network for private vehicles
Highway Insurance has launched a repairer network for private vehicles. The network will work alongs...
Extradition of three Nat West bankers to the US
The extradition of the three Nat West bankers to the US will most likely have a knock-on effect to t...
Appointment at Nobilas Claims and Fleet Solutions
Nobilas Claims and Fleet Solutions has appointed Colin Gravestock as business development manager. P...
Appointment at Towergate
Ian Patrick has been recruited as group finance director by Towergate. Mr Patrick has 10 years exper...
Former NFU manager takes on new role
David Sweeney, former NFU Mutual chief claims manager, has joined the senior management team of The ...